Today, I wanted to warn you about some common mistakes that I see in many FinTech marketing communications and public statements (This is already above and beyond the basic requirement not to call yourself a bank of the future or a digital bank or a crypto bank without having a banking Read more…
“Timing is everything with this project.” Today Yana discusses one of the most frequently asked compliance questions she hears; how soon can you get me a compliance license, and what the process looks like? People worry about this question because they want to plan when to launch products when hiring Read more…
I shared earlier that, in my view, the Liechtenstein Blockchain Act is a very advanced, helpful and comprehensive legislation, providing a lot of clarity for market participants. However, as everyone moves into implementation, most FinTech startups I talked to, run into some level of ambiguity with the following critical questions: Read more…
One of the FAQs I get all them time is “how long does it take to get a financial license” and “what can I do to make it faster”? Someone even texted me “what can I do to get a license in 3 months” 🤣 An average payments or e-money license Read more…
Photo by Emma Matthews on Unsplash Let’s face it, due diligence processes are overwhelming: They never end, you feel like you are going over the same items for a thousand times, nobody is listening to what you say and if they do, they find obscure ways to turn it against Read more…
First important point – FATF guidelines are NOT for companies or businesses or private sector, they target national authorities of FATF member countries. Which means, until FATF recommendations are implemented into the national law, they are not binding. So – What Needs to Change in the National Legislation? VASPs Read more…
Photo by Aslı Yılmaz on Unsplash I sometimes feel that confusions and misperceptions about passporting of financial licenses across EU/EEA is an ever-growing bubble. Today, we will burst this bubble once and for all! Passporting is a formal recognition of your company’s rights to operate freely in any EEA country Read more…
If your FinTech startup is in the process of applying for the bank account opening or preparing for partner due diligence, you will need to produce and submit TONS of documents! To help you navigate the process and make it a bit easier for you, we created a FREE Read more…
It is not uncommon to see regulatory requests for cryptocurrency-focused businesses to split activities into 2 parts: regulated and non-regulated. For example, the licensed (e.g. regulated) entity may be dedicated to operations with fiat funds and fiat deposits, and non-regulated entity would be facilitating transactions with cryptocurrencies or managing Read more…
